Sale of BernzOmatic business to Worthington Industries, Inc.

Consumer
Sale of BernzOmatic business to Worthington Industries, Inc.

Summary

Baird served as the exclusive financial advisor to Newell Rubbermaid Inc.

About

Worthington Industries, Inc. recently announced that its Pressure Cylinders segment has purchased the BernzOmatic business from Irwin Industrial Tool Company, a subsidiary of Newell Rubbermaid, Inc.

BernzOmatic is a manufacturer and global marketer of hand-held torches, solder, accessories and related products, sold in retail and professional plumbing / HVAC wholesale channels.

Newell Rubbermaid Inc., based in Atlanta, GA, is a global marketer of consumer and commercial products with a strong portfolio of brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody® and Aprica®.

Worthington Industries, Inc., based in Columbus, OH, is a leading diversified metals manufacturing company that serves as North America’s premier value-added steel processor; a leader in manufactured pressure cylinders, such as propane, oxygen and helium tanks, hand-held torches, refrigerant and industrial tanks, camping cylinders, compressed natural gas storage cylinders and scuba tanks; framing systems and stairs for mid-rise buildings; steel pallets and racks; and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction; and current and past model automotive service stampings.

For additional information about this transaction, please contact:

Nick Pavlidis 312.609.4977
Chris Cooper 312.609.5490
Paul Rogalski 312.609.4912
Consumer
Sale of BernzOmatic business to Worthington Industries, Inc.
Date
July 2011
Company
Newell Rubbermaid Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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